MadameNoire Featured Video

(Yahoo News) — Which accounts need beneficiary designations?  Any assets disbursed outside a will or not accounted for in a trust require a beneficiary designation. That list includes common kinds of accounts we all have, such as:

  • Retirement accounts: IRAs, 401(k)s, 403(b)s, 457s, pensions, and self-employment retirement plans (e.g., Keoghs).
  • Banking services: Credit unions, checking accounts, and savings accounts.
  • Insurance proceeds: Disability and life insurance policies.
  • Other stuff: Annuities and financial services products.

If you haven’t checked on your beneficiary form designations lately — and particularly if you’ve gotten married, unmarried, had kids, lost a spouse, etc. — put this on your must-do list.

Read More…

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN